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Abercrombie's (ANF) Q3 Earnings Top Estimates, Sales Down Y/Y

Nov 25, 2020 - Nasdaq
Financial Results

Abercrombie & Fitch Co. ANF reported third-quarter fiscal 2020 results, with the top and the bottom line surpassing the Zacks Consensus Estimates. Moreover, the bottom line improved year on year. However, management continued to witness adverse impacts of the COVID-19 pandemic on stores that put pressure on the top line.

Nevertheless, the company’s digital platform remained strong, backed by improved traffic, conversions and new customer acquisition. Additionally, management is impressed...